Why a 10pct plunge in property prices won’t destroy the French economy

Ever since property bubbles popped across the developed world, many markets have struggled to find a bottom. France, on the other hand, not only rebounded quickly, it is also nearing its highs. However, French property prices are expected to fall by up to 10%, according to Societe Generale analyst Michel Martinez.
Austerity measures and economic uncertainty in France are causing people to be more particular about their spending habits. Also, banks are likely to restrict lending, adding to pressure on property prices……………………………………….Full Article: Source